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Lubna Kably is a senior editor and team member of the Times Insight Group at The Times of India. Lubna s blog posts often feature Zenobia Aunty, who is well known for voicing her distaste of ambiguous regulations and uncalled for legal complexities. Law Street, as this blog is called, demystifies various regulations or proposals, especially those in the tax realm, that impact us in our individual capacity and also those that impact business entities. She tweets at @lubnakTOI LESS. MORE
The Economic Survey 2020-21 rightly points out that the platform for ‘Transparent taxation- Honouring the Honest’ stands on three pillars of tax administration reforms namely, Faceless assessment, Faceless appeal, and the Taxpayers’ charter. In fact, as recently as January 12, the Central Board of Direct Taxes (CBDT) notified the ‘Faceless Penalty Scheme’.
View: The gaping loopholes in India s faceless penalty scheme and how to plug them
The circumstances under which a personal hearing is to be granted to a taxpayer should, therefore, be notified expeditiously.
Synopsis
In order to make the faceless penalty scheme be effective, it is, therefore, important that the allocation of cases is proper. FPS envisages penalty proceedings being conducted by an RPC different from an RAC. The two may be in different parts of the country, with different teams of different cultural backgrounds looking at the same case through different lenses.
The Central Board of Direct Taxes (CBDT) has, on January 12, notified the ‘Faceless Penalty Scheme’ (FPS).
I-T Dept launches faceless penalty scheme; here s how it works
The scheme proposes to set up a National Faceless Appeal Centre (NFAC), Regional Faceless Appeal Centres (RFACs) and Appeal units (AUs) which will allocate a recommendation for penalty made under the faceless assessment programme
BusinessToday.In | January 13, 2021 | Updated 15:33 IST
The Income Tax Department has introduced Faceless Penalty Scheme, 2021
The Central Board of Direct Taxes (CBDT) has introduced a Faceless Penalty Scheme, 2021 to handle recommendations for penalty issued under its faceless assessment programme. The scheme has laid down the procedure to issue penalty through electronic mode, including the procedures for admission of additional grounds and the admission of additional evidence during the appellate proceedings.
Synopsis
The scheme, notified on Wednesday, specifies setting up of national faceless penalty centres, regional penalty centres, penalty units and review units for execution of penalty proceedings, such that a penalty order is issued correctly and undergoes review before being issued to an assessee.
Agencies
The government has been trying to make faceless taxation a reality, having introduced faceless assessment and faceless appeals last year.
The government has introduced the Faceless Penalty Scheme 2021 which will digitise issuing of penalties on assessees under the faceless taxation regime.
The scheme, notified on Wednesday, specifies setting up of national faceless penalty centres, regional penalty centres, penalty units and review units for execution of penalty proceedings, such that a penalty order is issued correctly and undergoes review before being issued to an assessee.